On March 1, 2020, Amy, Bob, and Mike form a limited liability partnership to start a small public accounting firm. Amy, Bob, and Mike have invested $91,000, $56,000 and $49,000 respectively. Mike has also invested a piece of equipment that is worth $4,000. During the first year of operations in 2020, the firm earned a net income of $299,000. All earnings are to be divided according to the initial capital contribution of each partner. In addition, Amy and Bob withdrew $7,800 and $6,500 cash from the business. On January 1, 2021, a new partner (Helen) was added to the firm. Helen purchased 50% of Amy's investment and 11% of Mike's investment (equity) in the business.